Starbucks CEO Schultz Sells $29M in Stock Near High
Howard Schultz exercised options and sold 340,300 shares in the days after a record-high stock price.
By Grace L. Williams
December 15, 2014
Three Starbucks insiders including the top executive sold 448,320 shares for $37,543,225, an average of $83.74 each, on Dec. 9 and 10. The sales came on the heels of a record-high stock price.
Chairman, Chief Executive and President Howard Schultz exercised options and sold 340,300 Starbucks (ticker: SBUX) shares for $28,595,451. Regulatory filings show the options were exercised at $30.42 each and were set to expire on Nov. 16, 2015,...